M&A Deal Summary

Power Energy Acquires Nautilus Solar Energy

On July 31, 2019, Power Energy acquired renewable energy company Nautilus Solar Energy from Virgo Investment Group

Acquisition Highlights
  • This is Power Energy’s 1st transaction in the Renewable Energy sector.
  • This is Power Energy’s 1st transaction in the United States.
  • This is Power Energy’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-07-31
Target Nautilus Solar Energy
Sector Renewable Energy
Buyer(s) Power Energy
Sellers(s) Virgo Investment Group
Deal Type Add-on Acquisition

Target

Nautilus Solar Energy

Summit, New Jersey, United States
Nautilus Solar Energy LLC is a national solar acquisition, development, and asset management company. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scaled generation solar projects. Nautilus Solar Energy LLC was formed in 2006 and is based in Summit, New Jersey.

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Buyer(S) 1

Buyer

Power Energy

Montreal, Quebec, Canada

Category Company
Sector Business Services
DESCRIPTION

Power Energy Corp. is an investment holding company that creates long-term value by actively investing in companies driving change towards a more sustainable world.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

DESCRIPTION

Virgo Investment Group is an opportunistic alternative investment firm focused on investing in and providing credit to middle-market companies. The Firm was formed in 2009 and is based in Redwood Shores, California.


DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New Jersey) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Transverse Insurance Group

Warren, New Jersey, United States

Transverse Insurance Group serves as a P&C program carrier, partnering with reinsurers and program administrators to provide a broad range of property and casualty products for commercial and personal lines. Transverse Insurance Group was founded in 2018 and is based in Warren, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Flow Alkaline Spring Water

Aurora, Ontario, Canada

Flow Alkaline Spring Water is a provider of packaged alkaline spring waters, sold in Tetra-Pak cartons made from renewable-resourced materials that are fully recyclable. Flow Alkaline Spring Water was founded in 2014 and is based in Aurora, Ontario.

Buy -